First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Short Interest Down 35.4% in July

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 46,781 shares, a decrease of 35.4% from the July 15th total of 72,426 shares. Based on an average trading volume of 157,911 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust Structured Credit Income Opportunities ETF

A number of large investors have recently added to or reduced their stakes in SCIO. Delta Investment Management LLC grew its holdings in First Trust Structured Credit Income Opportunities ETF by 48.0% in the 4th quarter. Delta Investment Management LLC now owns 254,274 shares of the company’s stock valued at $5,289,000 after buying an additional 82,519 shares in the last quarter. Capital Investment Counsel LLC grew its position in shares of First Trust Structured Credit Income Opportunities ETF by 305.8% during the 1st quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock worth $9,396,000 after purchasing an additional 343,046 shares in the last quarter. Independent Wealth Network Inc. acquired a new stake in First Trust Structured Credit Income Opportunities ETF during the first quarter worth approximately $1,561,000. Meridian Wealth Management LLC bought a new position in shares of First Trust Structured Credit Income Opportunities ETF in the fourth quarter worth $1,343,000. Finally, Arkadios Wealth Advisors lifted its stake in First Trust Structured Credit Income Opportunities ETF by 497.3% during the first quarter. Arkadios Wealth Advisors now owns 82,263 shares of the company’s stock worth $1,698,000 after purchasing an additional 68,491 shares during the last quarter. Institutional investors own 0.83% of the company’s stock.

First Trust Structured Credit Income Opportunities ETF Price Performance

SCIO stock opened at $20.62 on Tuesday. First Trust Structured Credit Income Opportunities ETF has a fifty-two week low of $20.40 and a fifty-two week high of $21.69. The business has a 50-day moving average of $20.61 and a 200-day moving average of $20.69. The stock has a market capitalization of $505.19 million, a P/E ratio of -272.33 and a beta of 0.07.

About First Trust Structured Credit Income Opportunities ETF

The First Trust Structured Credit Income Opportunities ETF (SCIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to maximize long-term income by holding intermediate-term structured credit investments such as RMBS, CMBS, CLOs, and ABS. Securities are of any credit quality. SCIO was launched on Feb 27, 2024 and is issued by First Trust.